By Ka Kay Lum
The company intends to hold the site for investment purpose before any potential redevelopment due to its prime location.
The funding will be used for its expansion in existing and new markets beyond Southeast Asia.
A third of LPs surveyed by Coller Capital said the Asia Pacific does not have enough high-quality buyout GPs.
With the new hubs, StanChart aims to simplify the extensive network and reduce costs.
The funding makes NASDAQ-listed YY the largest shareholder in Bigo.
Omnistream said it will use the fresh funds for product development and geographical expansion.
The $90.5 million (S$121 million) Class A-1 bonds offering for retail investors by Azalea Group will carry a fixed interest rate of 4.35 per cent per annum.
Grab Ventures, the accelerator and investment unit, will seek minority as well as controlling stakes in tech startups and will be funded entirely by Grab’s balance sheet.
Sixteen Singapore-based companies chose to list in Hong Kong last year, raising more than $800 million.
AIDA is the third investment made by SGInnovate in the financial services space